Commentary: COVID-19 outbreak has become an existential crisis for the cruise industry

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Will cruise ships survive and what will be left of them? The Financial Times' Bryce Elder says some think it's a gamble worth taking.

While the action should protect the Princess brand from further damage, it may not help the long-term viability of its product.One certainty is that 2020 is a write-off. Booking cancellations were reported to be running at around 50 per cent even before Italy’s nationwide lockdown and the US’s ban on incoming European travel.

Carnival’s debt covenants, in common with its main peers, are framed mostly around balance sheet values.

 

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Movement control order and less NO2 pollution in KL

Stop the excessive, polluting cruise ship industry which exploits modern day slave labor

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